Every 10-Q that Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UZE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UZE filings page.
Array Digital Infrastructure (AD) reported its first full quarter post‑pivot to towers and spectrum monetization. For Q3 2025, total operating revenues rose to $47.1 million (up 83% year over year), driven by tower site rentals tied to a new Master License Agreement with T‑Mobile. Net income from continuing operations was $109.9 million, while a loss from discontinued operations led to a net loss attributable to shareholders of $38.5 million.
Adjusted EBITDA from continuing operations reached $85.1 million. Array owns 4,449 towers and, under the MLA, T‑Mobile committed to lease space on a minimum 2,015 towers for 15 years, plus about 1,800 interim sites up to 30 months. Cash and cash equivalents were $325.6 million as of September 30, 2025.
The company closed the sale of wireless operations and select spectrum to T‑Mobile for $4,293.8 million total consideration, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. It paid a $23.00 per‑share special dividend and entered a new $325.0 million term loan (SOFR + 2.50%). Pending spectrum sales to Verizon and AT&T remain subject to approvals.
Array Digital Infrastructure completed a material transformation of its business in mid-2025, selling its wireless operations to T-Mobile and retaining a towers and spectrum-focused business. The T-Mobile closing on August 1, 2025 generated approximately $2,629 million of cash proceeds (subject to post-close adjustments) and triggered a debt exchange that exchanged $1,680 million of Array long-term debt, leaving $364 million of senior notes outstanding. Array expects a cash income tax liability on the T-Mobile transaction of $250–300 million and anticipates recording exit, disposal, restructuring and potential decommissioning costs related to the sale.
Through June 30, 2025 Array reported total operating revenues of $916 million for Q2 2025, with wireless revenues of $888 million and towers revenues of $62 million. Adjusted EBITDA was $254 million for the quarter and free cash flow was $318 million for the six months ended June 30, 2025. Array also signed spectrum sale agreements with Verizon ($1,000 million aggregate proceeds) and AT&T (approximately $1,018 million) subject to regulatory approvals, and S&P later upgraded Array to BBB- with a stable outlook.